Global Eubiotics Market Is Expected To Reach A Market Size Of ~US$ 8 Billion By 2028 – Ken Research
The Global Eubiotics Market was valued at ~US$ 3 billion in 2017. It is estimated to be ~US$ 5 billion by 2022 and is expected to reach a market size of ~US$ 8 billion by 2028 growing at a CAGR of ~8% during the forecast period (2022-2028). Due to the rise in demand for animal protein, the rise in demand for produced feed, and the restriction on antibiotics, the market for animal Eubiotics will experience significant expansion.
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Key Growth Drivers
- The rising awareness of the quality and safety of feed additives is boosting the global market. Furthermore, it is thought that feed additives’ significant health advantages will continue to drive the global market’s rise. The Eubiotics industry is expanding significantly due to rising demand for animal protein, produced feed, and the replacement of antibiotic growth promoters (AGPs) with Eubiotics.
- One of the biggest obstacles facing the Eubiotics market during the forecast period is the increasing illness outbreaks in cattle. Further, the growing cost of Eubiotics’ raw materials may present difficulties for the global market.
- The COVID-19 pandemic had a marginal effect on the Eubiotics market. The industry experienced a mixed response as a result of the social limitations in the key markets, which cost the company money. However, the pandemic led to more knowledge of the harmful effects of antibiotics on animals, which favorably impacted the market’s expansion.
Key Trends by Market Segment
By Product: Probiotics segment held the largest market share in 2021, This is ascribed to growing consumer awareness of the use of probiotics in animal feed, continued R&D efforts to create effective solutions, and extensive product portfolios offered by key industry players.
- Additionally, it is anticipated that the numerous animal applications, including immune enhancement and gut health maintenance, will positively affect market demand.
- Due to the usage of live microorganisms and enhanced benefits for the gastrointestinal system, probiotics are expected to grow the fastest during the anticipated timeframe.
By Form: Drysegment held the largest market share in 2021, this significant percentage is explained by its benefits, such as improved defense against light and moisture exposure.
- Flakes, beadlets, and cross-linked beadlets are examples of Dry forms. Beadlet technology reliably shields the active components from thermal and mechanical stress, enhancing their stability and bioavailability for use in the manufacturing of feed.
- Due to longer shelf lives than liquid Eubiotics and increased use of feed additive products, the dry segment is expected to grow the most during the anticipated period.
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By Function: The nutrition and gut health segment held the largest market share in 2021, The causes can be linked to the effectiveness of Eubiotics in improving gut health and the creation of effective eubiotic carrier mediums for improved distribution in the intestinal system.
- Its substantial share can be attributed to the fact that animals frequently experience problems with their digestive systems as well as the rising popularity of preventative healthcare. Eubiotic products aid in aggregating the microbiota production in the animal’s digestive tract, improving digestion and the immune system. Gut integrity can be improved by using products like probiotics, prebiotics, organic acids, and essential oils, among others. To get better results, these products can be used separately or in combination.
- Eubiotics are used to improve the health and performance of farmed animals. The antibacterial actions and the product’s capacity to change gut flora are what determine its effectiveness most of all. Fructo-oligosaccharide, beta-glucan, probiotics, mannan-oligosaccharide, and prebiotics are all known to improve gut health.
By Livestock: The poultry segment held the largest market share in 2021, due to the rise in chicken consumption, the improvement of poultry bird health, and the provision of protein.
- The rising demand and consumption of chicken, turkey, duck, and boilers worldwide are responsible for its significant share. Of these, chicken meat is the most popular since it is inexpensive compared to other meats, has a low-fat content, and is consumed with fewer religious and cultural restrictions.
- Pork consumption is rising, forcing farmers to create high-quality, disease-free meat products for animal consumption. As a result, the need for feed additives is growing.
By Geography: Europeheld the largest market share in 2021, because of the region’s strict rules and regulations that forbid the use of antibiotics, the existence of major market players, and awareness of the use of Eubiotics and their advantages.
- This is due to rising animal output and meat consumption, which comes from processed foods. Recent years have seen a rapid rise in meat consumption in nations like Italy, France, and Germany, which has prompted producers to look for high-quality, disease-free animal products.
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Competitive Landscape
The global Eubiotics market is highly competitive with ~150 players which include globally diversified players, regional players, and country-niche players with their niche in the Eubiotics market. County-niche players constitute ~45% of the competitors, while the regional players are the second largest by type. Some of the major players in the market include and among others DSM, Novus International, Inc., Lallemand, Inc., Behn Meyer, Lesaffre Group, Kemin Industries, Inc., Novozymes, Chr. Hansen Holding A/S, BASF SE, and others.
Recent Developments Related to Major Players
- In July 2021, Koninklijke DSM N.V., a science-based global company in sustainable, nutrition, and healthy living acquired Midori USA, Inc., a biotechnology start-up and novel platform, to develop ground-breaking Eubiotics technologies that will improve the health and environmental impact of animals.
- In May 2021, Chr. Hansen Holding A/S introduced “Bovacillus,” a brand-new probiotic for dairy and meat cattle. Bacillus spores are a special kind of probiotic because they can withstand harsh conditions during the production, preparation, and use of feed as well as inside the gastrointestinal tract.
- In January 2021, Novus International collaborated on research and development projects with the USA-based biotechnology firm Agrivida.
Conclusion
The global Eubiotics market is forecasted to continue the growth that is witnessed since 2017, Positive legislative scenarios that forbid the use of antibiotics and rising meat consumption around the world are expected to fuel demand for the product. The market is highly competitive, with firms who have been there for a while taking the majority of the market. Though the market is highly competitive with ~150 players, few global players control the dominant market share and regional players also hold a significant market share.
Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.
Ken Research has recently published report titled, “Global Eubiotics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028” The Eubiotics market is segmented by product, form, function, and livestock. In addition, the report also covers market size and forecasts for the four region’s Eubiotics markets. The revenue used to size and forecast the market for each segment is US$ billion.
Market Taxonomy
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For more information on the research report, refer to below link:
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